JPMorgan Chase & Co. Acquires 364,739 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

JPMorgan Chase & Co. boosted its position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 94.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 751,442 shares of the company's stock after buying an additional 364,739 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.38% of Nuveen Churchill Direct Lending worth $12,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NCDL. Bellevue Asset Management LLC bought a new stake in Nuveen Churchill Direct Lending in the fourth quarter valued at $28,000. Farther Finance Advisors LLC lifted its position in shares of Nuveen Churchill Direct Lending by 72.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company's stock worth $92,000 after purchasing an additional 2,311 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Nuveen Churchill Direct Lending by 36.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company's stock valued at $131,000 after purchasing an additional 2,009 shares in the last quarter. Vestia Personal Wealth Advisors purchased a new position in shares of Nuveen Churchill Direct Lending during the 4th quarter worth approximately $184,000. Finally, Entropy Technologies LP purchased a new position in shares of Nuveen Churchill Direct Lending during the 4th quarter worth approximately $189,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NCDL shares. UBS Group dropped their price target on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods reduced their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Nuveen Churchill Direct Lending Stock Performance

NYSE NCDL traded up $0.18 on Friday, hitting $15.15. 280,109 shares of the company traded hands, compared to its average volume of 164,924. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. The business's 50 day moving average price is $16.74 and its 200-day moving average price is $16.95. The company has a market capitalization of $775.99 million, a price-to-earnings ratio of 6.47 and a beta of 0.37. Nuveen Churchill Direct Lending Corp. has a 52-week low of $14.21 and a 52-week high of $18.05.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.10 per share. This represents a yield of 10.3%. The ex-dividend date of this dividend is Monday, March 31st. Nuveen Churchill Direct Lending's payout ratio is 83.72%.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.